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20130104
20130112
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the bottom. in terms of the certainty of the tax deal, yes, we do have that, but on the other hand, the obama health care law is going to be implemented all through 2013. and the wall street journal just reported that only 14% of small businesses actually undetand the obama health care law. and so, there is a huge overhang of uncertainty and then plus dodd frank which is going to be implemented through the financial industry. why do we have 2% growth? i think those are the reasons. we have some positive signals for the economy, but not enough to pull it off. >> paul: steve, let me, is there a silver lining here at all that maybe the public will begin to understand that you can't reduce the deficit with a tax increase? you just can't do it. this represents what, 600 billion dollars they say over ten years, that's about 6, 7% max of what the deficit is? >> great point, paul. let me step back a minute and say that you and i and dan and eric will lived through the budget deals for 25, 30 years, this is the first and almost none of them have worked out very he well. but this is the first budget de
, we do have that. on the other hand, the obama health care law is going to be implemented. "wall street journal" reported that 14% of small businesses actually understand it. there is huge uncertainty and dodd-frank which will be implemented in the financial industry. why do we have 2% growth? i think those are the reasons. we have some positive signals for the economy but not enough to pull it off. >> paul: if there is a silver lining that the public will begin to understand you can't reduce the deficit with a tax increase, you just can't do it? this represents $600 billion, that is 7% max of what the deficit is. >> great point. by the way, let me step back that you and i, we have lived through these budgeted deals. almost none of them worked out really well. this the first budget deal i can recall dating back to reagan years there wasn't a pretense of cutting spending. there would be three dollars of phony spending cuts -- there was increased spending with extension of unemployment. now i think the republicans are a little higher ground as we go forward. you saw president obama
Search Results 0 to 2 of about 3 (some duplicates have been removed)